Global Competitiveness Index 2009 - 2010

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World Economic Forum

Argentina figura en el puesto 85 de 132 países evaluados. Subimos tres lugares.

El índice se compone de la siguiente manera:

Global Competitiveness Index: puesto 85; valor 3.91

Basic Requirements: puesto 84; valor 4.11
- Institutions: puesto 126; valor 2.94
- Infrastructure: puesto 88; valor 3.11
- Macroeconomic stability: puesto 48; valor 4.87
- Health and primary education: puesto 59; valor 5.54

Efficiency Enhancers: puesto 84; valor 3.84
- Higher education and training: puesto 55; valor 4.20
- Goods market efficiency: puesto 124; valor 3.47
- Labor market efficiency: puesto 123; valor 3.59
- Financial market sophistication: puesto 116; valor 3.37
- Technological readiness: puesto 68; valor 3.54
- Market size: puesto 23; valor 4.87

Innovation Factors: puesto 76; valor 3.44
- Business sophistication: puesto 73; valor 3.94
- Innovation: puesto 86; valor 2.95


Informe:

Argentina climbs three places to 85th place, a still disappointing result given the country’s many competitive strengths and strong GDP growth between the major economic crisis of 2001 and 2008.The country benefits from a fairly educated labor force (59th and 55th on the health and primary education and higher education and training pillars, respectively) and a large market size (23rd). On the other hand, serious flaws continue to affect the country’s competitiveness landscape, representing enduring vulnerabilities in the current difficult economic outlook and going forward. In particular, the expansionary fiscal and monetary policies of recent years have caused the economy to overheat, resulting in high inflation levels (8.59 percent in 2008).The still-high public debt (48.5 percent of GDP in 2008), despite debt restructuring, coupled with the reduction in tax revenues brought about by decreased commodities prices, are particularly worrisome features in the face of the current global economic downturn. Furthermore, the dismal 126th rank for the quality of the institutional environment highlights the business community’s deep distrust of, and pessimism about, government efficiency and transparency, respect of the rule of law, and even-handedness in dealing with the private sector.The tendency of the last two administrations to adopt discretionary policies (including a recent attempt to increase taxes on agricultural exports, as well as the nationalization of the private pension system) has eroded the confidence of national and international investors, thus creating greater incentive for capital outflows. On a related note, factor markets continue to be unable to allocate resources to their most efficient use because of the many rigidities troubling the goods (124th), labor (123rd), and financial (116th) markets. Going into the future, institutionalization of sound fiscal policies, a greater respect for the rule of law, the liberalization of the factor markets, and a reduction of red tape will be crucial to restoring investors’ trust in the fairness of the government and in the business environment in Argentina.

Ver informe anterior aquí.